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Question 9 1 pts On February 1, 20x1, Paco Corp. acquired outstanding ordinary shares of School Inc for cash. The incomplete working paper elimination entries
Question 9 1 pts On February 1, 20x1, Paco Corp. acquired outstanding ordinary shares of School Inc for cash. The incomplete working paper elimination entries on that date for the consolidated of statement of financial position of Paco Corp, and School Inc are shown below: WPEE 1 Shareholders' equity - School Inc. 1.453.500 Investment in School Inc 1.235 475 Non-controlling interest 218,025 WPEE 2 Inventories 33,150 Equipment 280.500 Goodwill Investment in School Inc 349,775 Non-controlling interest ? Assuming NCI is measured at fair value, the cash consideration includes control premium of P20,000, what is the amount of goodwill? 97.850 125.000 117.850 94321
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